4min chapter

TED Business cover image

A socialist perspective on the pursuit of happiness | Aaron Bastani

TED Business

CHAPTER

The Future of Economics

This economic malaise we've seen over the last 15 years is shortly to be joined by the climate crisis and then demographic aging of the crisis of elderly care. I believe that humans have the ingenuity to address all of these challenges and reach unprecedented prosperity and liberty for all. But in politics, big ideas only get you so far. And what matters in the here and now in 2022 are concrete proposals. So, how do we leverage the technology revolution? We need to be able to help the state to address this century's challenges. My proposal instead is universal basic services, UBS. These are services which are universally available, free at the point of consumption, and paid for through progressive taxation

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